The Tasmanian State Government has predicted a windfall $27.36 billion investment in local infrastructure following recent updates to its ten-year project forecast for the industry.
The Tasmanian 10-Year Infrastructure Pipeline includes known infrastructure projects planned by the public and private sectors across the economy over the next 10 years.
Since first released in July 2018, the total value of listed projects nearly doubled and now represent a combined investment of $27 billion.
Tasmanian Minister for Infrastructure and Transport, Michael Ferguson, argued the improvement could be considered a vote of confidence for his government’s economic performance.
“This increase is clearly a vote of confidence in the economic performance of Tasmania as a state to invest for the future. This means tens of thousands of jobs, more income in our communities and prosperity for our families,” Mr Ferguson said.
“We will continue our focus on delivering good financial management and a strong economy, which has produced record highs in employment, record lows in unemployment and an enormous pipeline of private and public sector infrastructure investment that is providing confidence to build Tasmania for future generations.”
The Tasmanian 10-Year Infrastructure Pipeline was developed after industry called upon the state for transparent information to support investment decisions.
It also provides a guide for where funding and resources – including a skilled workforce – will be attracted over the longer term.
The Tasmanian 10-Year Infrastructure Pipeline is available here.
